Novitech Group is committed to adhering to sound principles of corporate governance and has adopted corporate governance practices that promote the effective functioning of our Board of Directors, its committees, and our company.

The Board’s primary responsibilities are to oversee and counsel the Company’s Chief Executive Officer and other members of the senior management team. Some of the Board’s precise responsibilities include:

• Reviewing the Company’s major financial objectives, critical strategies, and long-term plans, including major allocations of capital and significant proposed business acquisitions and divestitures.
• Overseeing the assessment of major risks facing the Company, and options for their mitigation.
• Overseeing the processes for maintaining the integrity of the Company with regard to its financial statements, internal controls and public disclosures, and compliance with laws and ethics.
• Overseeing succession planning for the Chief Executive Officer position.
• Monitoring the effectiveness of the Company’s corporate governance practices and making changes as necessary or appropriate for the Company.